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Nikko AM Income 23578 Strategy

The Fund invests in the Nikko AM NZ Corporate Bond Fund and the Nikko AM Wholesale Option Fund, both of which are managed by Nikko AM NZ. The Nikko AM Corporate Bond Fund invests in a diversified portfolio of corporate debt. The Nikko AM Wholesale Option Fund investment strategy consists of earning income from two sources: 1. Interest income on bank deposits and fixed income securities. 2. Option premium income received from selling short term options to financial institutions.
The investment objective & strategy is a summary of the investment's principal strategy as written in the prospectus. This information is pulled from the most recent product disclosure document.

Funds News & Analysis

funds

Morningstar reassess view of Platinum ETF and fund

Changes to the portfolio management team drive a ratings revision.
funds

Listed Investment Companies monthly performance: March 2024

The Morningstar LIC monthly report provides a snapshot of ASX-listed LICs, and whether they are trading at a premium or a discount to their net tangible assets (NTA).
funds

Why LICs may be close to bottoming

Investor disgust, consolidation, de-listings, price discounts, activist investors entering - it’s what typically happens at business cycle troughs, and it’s happening to LICs now. That may present a potential opportunity.

Markets

Index
Last price
Change
% Change
All Ordinaries 7,831.90 100.10 -1.26%
CAC 40 7,984.93 80.22 -0.99%
DAX 40 17,932.17 186.15 -1.03%
Dow JONES (US) 37,903.29 87.37 0.23%
FTSE 100 8,121.24 22.89 -0.28%
HKSE 17,763.03 16.12 0.09%
NASDAQ 15,605.48 52.34 -0.33%
Nikkei 225 38,274.05 131.61 -0.34%
NZX 50 Index 11,857.22 10.36 -0.09%
S&P 500 5,018.39 17.30 -0.34%
S&P/ASX 200 7,569.90 94.20 -1.23%
SSE Composite Index 3,104.82 8.22 -0.26%

Market Movers

Name
Last price
Change
% Change
Tietto Minerals Ltd TIE 0.68 0.00 0.00%
Alligator Energy Ltd AGE 0.06 0.00 5.00%
Imugene Ltd IMU 0.08 0.00 -3.45%
Sayona Mining Ltd SYA 0.03 0.00 -5.88%
South32 Ltd S32 3.50 0.09 -2.51%
Link Administration Holdings Ltd LNK 2.25 0.00 0.00%
Pantoro Ltd PNR 0.08 0.00 -3.45%
The Star Entertainment Group Ltd SGR 0.40 0.01 -1.23%
Peninsula Energy Ltd PEN 0.12 0.01 4.55%
Red 5 Ltd RED 0.42 0.04 -7.78%